Australia - Agriculture, value added (constant LCU)

Agriculture, value added (constant LCU) in Australia was reported at 36650000000 LCU in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.

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Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.